Cantor Reaffirms Rivian’s $15 PT and ‘Overweight’ Rating

Cantor Fitzgerald analyst Andres Sheppard reiterated on June 16, 2025, an ‘Overweight’ rating and $15 price target on Rivian.

“On 6/2, RIVN announced that it plans to raise $1.25B through a private offering of green notes due in 2031.

The notes will be backed by Rivian’s assets and further secured by Rivian’s New Horizon assets, once its DOE loan is funded.

The company plans to use the proceeds from this capital raise, along with existing cash on the balance sheet, to fully redeem its existing $1.25B floating-rate notes, which mature on 10/15/2026.

Separately, on 6/5, RIVN announced the hiring of Kyle Nees (formerly the chief engineer at Lucid, who worked on the Gravity SUV and the Lucid Air) as Senior Director of Vehicle Programs.”

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